The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-02-05

pectiveiy, have been or arc now d.
rectly or indirectly interested. and to-
what amupnt or extent, in any o:heT
railroad, Steamship, telegraph express,
mining construction or o her business,
company or corporation, and with
which any agreements. undertakings
or leases have been made or entered
INTO, what amounts of money
or credit have been or are now
LOANED by any OK said companies
| amounts of money or credit have been.
To- are now borrowed by any of said
Ompanies, givi g the names of the
hlenuers and the purposes for which said
sums have been or are now required;
what amounts OF money OF other valu-
ahle consideration, such as stocks,
I,nondS. passes, ETC., have been expended
Tor pail out by said companies, whether
for lawful or
FOB UNLAWFUL PURPOSES,
but for which sufficient and detailed
vouchers have not been given
or sled with the records
of said companies, add further
TO Inquire and report wheI Their said COM
pany or either of them or their officers
or agents, have paid any money or
other valuable consideration or done
any other act or thing for the purpose
oE Undue ncing legislation, and to in
vestieate ard report facts relating to
The alleged consolidation of the Union
Pacific Railroad Company, Kansas
Pacific Railroad Company, and Denver
q Pacific Railway and Telegra bh- Com
pany, into an alleged corporation
known as the Union Pacific ; ailway
Company. Said investigation shall in
clude the alleged sale of the stock of the
Kansas Pacific Railroad Company
to the Union, Pacific Railway Coni-
pany and all circumstances and
particulars pertaining to s&id. al
legged sale, ana whether any of the
Pacific Railway corporations which OBJ
tanned bonds from the United States
to aid In the construction of fr, rail-
roads, have expended any OF their
MONEY OR OTHER ASSETS
in the construction, or to aid in tie
construction, Of other railroads or in
vested of their monies or other assets
in the stocks or bonds of any manufac-
turing, mining and commercial com
way corporations; and if any such-ex-
pendi ture or investments have. been
made, the extent and characieF-LhereOf
made by each of said corporations
shall be inquired into, and also to the
present interest III any of said co rpOra-
lions in railroads auxiliary to their
respective railroads.
The commissioners.ar directed to as
certain aud report the names ofall the
stockholders in each of the companies
from its organization down, the sal
aries lover $4,000 now or at any time
paid to officers, the names Of persons.
who have received bonuses or dona-
tons and all payments made under the
head of legal expenses.
THB COMMISSIONERS
are required to consider and report
whether the interests of the United
States require any extension Of time for
the performance of the obligations of
the companies. and what further seen
rity it is expedientsthat the companies
should give. The commission is armed
with full power to command the at
tendance of witnesses and the prodhe-
ton Of books and papers. One hundred
thousand dollars is appropriated
for. The purpose of investi-
cation. Whenever in the opinion
OF the President it is deemed necessary
to the protection of the interests of gov
eminent, the Secretary of the Treasury
shall clear off the paramount lien.
mortgage or other encumbrance. and it
IS made the duty of the Attorney Gen
eral to take the necessary proct sdings
in the courts for such redemptis2 and
to foreclose any mortgages or hens-oE
the United States in respect Of such
railroad property. Section 5 provides
that from and after July LIST. 1859, there
shall be charged to the Central Pacific,
U Mon Pacific,
CENTRAL BRANCH U.sIoN PA8IFIG
railway company Sioux City and aaiic
Railway Company and Kansas, PaAifc
Railway Company 40 per cent. OF. the
act earnings IN place of the . per cent.
provided for in the, act of Nay It'll,
1878, so far as the. same respects to
inc companies mentioned in saiI act,
and as to othars, he-ein men
Toned absolutely and to that end
the act of May Z is extended 20 the
Kansas Pacific, Sioux City and the
Central branch of the Union Eacifc.
rhe sixth and last section authorizes
The investment ofsinking funds,in any
Of the government bonds Issued COR tbs
benefit of the roads or in their frat